Word: bankses
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On the morning of Saturday June 6, 2009, while other reunion classes sleep in, the class of 1984 will already be awake and on banks of the Charles River. But alumni in town for their classes’ 25th reunion will not be there picnic or to laze on the...
Yet there are early signs that the massive influx of government spending is already accomplishing its main goal: easing China's economic slowdown, which has been headlined by double-digit declines in exports, thousands of factory closures and the layoff of about 20 million workers. Economic statistics for the first...
China, of course, has certain advantages when it comes to managing shifting economic winds. There's no peskily powerful Congress to worry about, for one thing; what the Chinese government wants in the way of policy, it gets. Christopher Wood, chief Asia strategist for the brokerage and investment firm CLSA...
But for any recovery to last beyond the end of the year, China's crucial manufacturing and export sector must revive. Otherwise, Wood says, stimulus spending could result in a "skewed outcome": billions of dollars in loans made to artificially boost growth could start to go bad, dragging down China...
City on a Hill These divisions, and the government's push to reduce them, are evident in the southwestern megalopolis of Chongqing. Built on the hilly banks of the Yangtze River, this ancient trading center was the effective capital of China during World War II and today is one of...